The [FURL=https://www.industryarc.com/Report/16782/needle-free-injection-systems-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Needle-Free Injection Systems Market[/FURL] size is estimated to reach $25.7 billion by 2026, growing at a CAGR of 14.2% during the forecast period 2021-2026. A needle-Free Injection System is a drug delivery system that makes use of Lorentz force, shock waves, pressure, or electrophoresis force to deliver drugs through the skin. They are seen as a superior alternative to the hypodermic needle as unlike syringe systems, Needle Free Injection Systems can be used multiple times without the risk of transmitting infections. Moreover, they help eliminate needlestick injuries and pain during drug delivery.Key Takeaways
Geographically, the North American Needle Free Injection Systems market accounted for the largest share in 2020 owing to an increase in the number of chronic and communicable diseases, high healthcare expenditure, and the presence of well-developed healthcare infrastructure.
An increase in the cases of communicable diseases caused by the use of hypodermic needles is projected to drive the market during the forecast period. However, the lower cost of mass-producing hypodermic needle alternatives using injection molding techniques is anticipated to challenge market growth.
Detailed analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Needle Free Injection Systems Report.
Download Sample Report @ [FURL]www.industryarc.com/pdfdownload.php?id=16782[/FURL]
Needle-Free Injection Systems Market Segment Analysis - By Geography
The Needle-Free Injection Systems Market based on Geography can be segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. The North American segment is projected to dominate the Needle Free Injection Systems market during the forecast period 2021-2026 with a market share of 35% owing to the presence of highly developed healthcare infrastructure, high patient awareness levels, increasing cases of chronic illnesses, and high research and development in needle-free injection technology in the region.
Needle-Free Injection Systems Market Drivers
Increase in Population Suffering from Diabetes is Projected to Drive Market Growth
The Rise in Needle Stick Injuries is Anticipated to Boost Product Demand
Needle-Free Injections systems Market Industry Outlook:
The top 10 companies in of the industry include Medical International Technology (MIT), Injex Pharma AG, Endo International PLC, Antares Pharma, PharmaJet, National Medical Products Co Ltd, Glide Pharmaceutical Technologies Limited, Valeritas Inc, Inovia Pharmaceuticals, European Pharma Group
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.